Political Model

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Guido Tabellini - One of the best experts on this subject based on the ideXlab platform.

  • seigniorage and Political instability
    The American Economic Review, 1992
    Co-Authors: Alex Cukierman, Sebastian Edwards, Guido Tabellini
    Abstract:

    The importance of seigniorage relative to other sources of government revenue differs markedly across countries. This paper tries to explain this regularity by studying a Political Model of tax reform. The Model implies that countries with a more unstable and polarized Political system will have more inefficient tax structures and, thus, will rely more heavily on seigniorage. This prediction of the Model is tested on cross-sectional data for seventy countries. The authors find that, after controlling for other variables, Political instability is positively associated with seigniorage. Copyright 1992 by American Economic Association.

Alex Cukierman - One of the best experts on this subject based on the ideXlab platform.

  • seigniorage and Political instability
    The American Economic Review, 1992
    Co-Authors: Alex Cukierman, Sebastian Edwards, Guido Tabellini
    Abstract:

    The importance of seigniorage relative to other sources of government revenue differs markedly across countries. This paper tries to explain this regularity by studying a Political Model of tax reform. The Model implies that countries with a more unstable and polarized Political system will have more inefficient tax structures and, thus, will rely more heavily on seigniorage. This prediction of the Model is tested on cross-sectional data for seventy countries. The authors find that, after controlling for other variables, Political instability is positively associated with seigniorage. Copyright 1992 by American Economic Association.

Daron Acemoglu - One of the best experts on this subject based on the ideXlab platform.

  • Political Model of social evolution
    Social Science Research Network, 2011
    Co-Authors: Daron Acemoglu, Georgy Egorov, Konstantin Sonin
    Abstract:

    Almost all democratic societies evolved socially and Politically out of authoritarian and nondemocratic regimes. These changes not only altered the allocation of economic resources in society but also the structure of Political power. In this paper, we develop a framework for studying the dynamics of Political and social change. The society consists of agents that care about current and future social arrangements and economic allocations; allocation of Political power determines who has the capacity to implement changes in economic allocations and future allocations of power. The set of available social rules and allocations at any point in time is stochastic. We show that Political and social change may happen without any stochastic shocks or as a result of a shock destabilizing an otherwise stable social arrangement. Crucially, the process of social change is contingent (and history-dependent): the timing and sequence of stochastic events determine the long-run equilibrium social arrangements. For example, the extent of democratization may depend on how early uncertainty about the set of feasible reforms in the future is resolved.

Sebastian Edwards - One of the best experts on this subject based on the ideXlab platform.

  • seigniorage and Political instability
    The American Economic Review, 1992
    Co-Authors: Alex Cukierman, Sebastian Edwards, Guido Tabellini
    Abstract:

    The importance of seigniorage relative to other sources of government revenue differs markedly across countries. This paper tries to explain this regularity by studying a Political Model of tax reform. The Model implies that countries with a more unstable and polarized Political system will have more inefficient tax structures and, thus, will rely more heavily on seigniorage. This prediction of the Model is tested on cross-sectional data for seventy countries. The authors find that, after controlling for other variables, Political instability is positively associated with seigniorage. Copyright 1992 by American Economic Association.

Jan M Smolarski - One of the best experts on this subject based on the ideXlab platform.